Back into chart, my reading was that closing below 40 , let alone 30, still smells . Seems like it is for the medium term as the last month NFP was absolutely a success in dragging down 1360 to 1300. However, cut on a NFP day is bringing a light into some buyers. More over directional has now changed hand to D+. A rare occurence that happened once in April 5th,2016 and then June 3rd, 2016; both of which happened on NFP effects too.
So D- extreme point was at 1309 and now D+ extreme point is at 1330, and we could see mid flip at 1315-1316 previously tested on Friday session. the baby bulls might cry for a milk touch, and preferrably a close, above 1330.
Talking about by Wilder, now located at 1347 is mouth watering to the bulls, only and let's reiterate "Only If" it is touched with patience. Let's hope the points descend to a much lower level, when price ascends slowly.
reading is way too low to say any trending verdict. However, it is usually at this level that some powerful moves can spurt from and before we know it gone up so high that it is not noticed. Hence brings up range-trading option that allows us to see 1310-1360 range, with mid point at 1335.
For chance, it is actually the path of the least resistance with every indicator can be easily turned upside down when 1300 breaks, but as previous note my thought was 1290-1295 could be the furthest it can go. For now, in lights of recent events and chart's saying, something must happen first to bring its chance to light.
in H4 zones, we see a lot of S/R flips and supply zones, especially those near 1350. Let's hope with the support of weekly and daily "slightly-bullish" reading, supplies are scared and decide to retreat to make ways for demands.
9:32am PA not showing much. exited all pos. until better view.
1318 zone, happsn to be weekly pivot could be better for longs.
Fake resistance is being set at 1325.50. Maybe SL Hunt to short might happen at 1326.6-1327, just at Monthly Pivot
Short was not cancelled, but closed manually in a loss
Flicking through how daily directional chart: The Volume on Friday NFP day is suddenly so high. Tells us something really weird.